Jaguar carmaker poised to cut 5,000 jobs

Jaguar Land Rover is planning to cut up to 5,000 jobs in response to declining demand in China, restrictions on diesel cars and concerns over the effects of Brexit, according to reports yesterday.

The carmaker, which is Britain’s largest, with 40,000 staff, has already cut 1,000 contractor jobs in Solihull, where Range Rovers and the Land Rover Discovery is built. Working hours at its Wolverhampton factory have also been reduced.

The company, which is owned by the Indian multinational Tata, suffered a £90 million loss in the three months to September. It announced plans in October to save £2.5 billion, including £1 billion of cost cuts, without saying how many jobs would be lost.

According to a report in The Financial Times, sources close to…

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